Thailand’s rice exports hit six-year high in 2024
Thailand’s rice exports surged 27% in 2024, reaching 225.66 billion baht (US$6.43 billion), surpassing projections of 9 million tonnes. The rise was driven by global demand amid lower domestic yields and food security concerns. However, heightened competition from India’s resumed exports and improved global yields may cut Thailand’s rice exports by 24.62% to 7.5 million tonnes in 2025.
The South-East Asian nation’s rice export value last year amounted to 225.66 billion baht (about US$6.43 billion), accounting for a rise of 27 per cent compared to 2023, according to the Ministry of Commerce.
The surge, exceeding earlier projections of 9 million tonnes, was driven by growing global demand to counter reduced domestic yields, mitigate food inflation and bolster food security, the ministry said in a statement.
Looking ahead, the global rice trade is expected to face heightened competition due to India’s resumption of rice exports and improved yields in both exporting and importing countries as drought conditions ease, it said.
The ministry projects the kingdom’s rice exports to fall 24.62 per cent year-on-year to 7.5 million tonnes in 2025. – Bernama-Xinhua
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Source : The Star
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